Meridian: No substance to misuse of market power claims

Meridian says it is going as hard and fast as it can to build new generation (Image: Meridian)

Mon, 17 Oct 2022

Meridian Energy says there is no substance to the suggestion that they are holding back electricity generation or not building new generation to spike the company’s profits.Last week, the Electricity Authority released the second part of its review of the wholesale electricity market.It found the best way to improve competition was to get more generation built, particularly from new players and several barriers needed removing to help this, including reducing policy uncertainty.The regulator said it was still possible the four major gener...

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